Oil slick from tanker in Hormuz Strait washes up on UAE beaches
Published . Updated .
This report is about oil and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”).
- FRO Frontline+14.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | -1.59% | -3.69% | -1.69% | -1.37% |
| XLE | -2.19% | -1.69% | base | +0.30% | -1.51% | -1.24% | -0.87% |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| UAENo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -4.16% | -3.04% | base | +4.35% | +1.67% | +5.78% | +6.89% |
| DHT | -6.23% | -1.71% | base | +0.10% | -1.77% | +0.20% | +2.18% |
| INSW | -5.43% | +0.49% | base | +2.67% | +0.54% | +1.24% | +2.56% |
| TNK | -4.67% | -3.50% | base | +1.55% | -1.09% | -0.26% | +1.76% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Oil slick from tanker in Hormuz Strait washes up on UAE beaches Al Jazeera
Source: Al Jazeera
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +0.10% | final price |
| DHT | the next day | -1.77% | final price |
| DHT | two days later | +0.20% | final price |
| DHT | three days later | +2.18% | final price |
| DHT | three days earlier | -1.71% | final price |
| DHT | five days earlier | -6.23% | final price |
| FRO | that day | +4.35% | final price |
| FRO | the next day | +1.67% | final price |
| FRO | two days later | +5.78% | final price |
| FRO | three days later | +6.89% | final price |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| INSW | that day | +2.67% | final price |
| INSW | the next day | +0.54% | final price |
| INSW | two days later | +1.24% | final price |
| INSW | three days later | +2.56% | final price |
| INSW | three days earlier | +0.49% | final price |
| INSW | five days earlier | -5.43% | final price |
| TNK | that day | +1.55% | final price |
| TNK | the next day | -1.09% | final price |
| TNK | two days later | -0.26% | final price |
| TNK | three days later | +1.76% | final price |
| TNK | three days earlier | -3.50% | final price |
| TNK | five days earlier | -4.67% | final price |
| USO | that day | -1.59% | final price |
| USO | the next day | -3.69% | final price |
| USO | two days later | -1.69% | final price |
| USO | three days later | -1.37% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| XLE | that day | +0.30% | final price |
| XLE | the next day | -1.51% | final price |
| XLE | two days later | -1.24% | final price |
| XLE | three days later | -0.87% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 183 stories about Strait of Hormuz from the past 7 days and 482 stories from the past 30. That is faster than its usual pace over the past month. “Oil slick from tanker in Hormuz Strait washes up on UAE beaches” is tagged to Strait of Hormuz.
How solid the energy case looks
25 out of 100
“Oil slick from tanker in Hormuz Strait washes up on UAE beaches” scores 25 out of 100. The score uses 2 sources.